RATE Group | Who’s Accumulating Bitcoin? 784,000 Addresses Now Hold 1+BTC
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Who’s Accumulating Bitcoin? 784,000 Addresses Now Hold 1+BTC

22 Jan Who’s Accumulating Bitcoin? 784,000 Addresses Now Hold 1+BTC

Posted at 20:22h in Bitcoin News by

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Studying Bitcoin wallets and the number of BTC they hold shows evidence of a growing pattern of accumulation of the digital asset. The number of Bitcoin addresses with a balance of more than one BTC has been consistently increasing since the launch of the cryptocurrency more than a decade ago.

Despite volatility that has seen the price approach $20,000, crash down to $3,200, and bounce back up to near $14,000 in less than two years, the resolve of the sat stacker appears strong. From the figures, it looks like it may be more than just retail that’s loading up on Bitcoin too.

Growth of +1 Bitcoin Addresses Shows Steady Accumulation, Regardless of Price

The number of Bitcoin addresses with at least one Bitcoin associated with them has grown to around 784,000. This represents a sizeable increase over the 707,000 addresses reported this time last year. It’s also more than twice what it was in 2015.

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